Saudi Car Rental Firms Weigh IPOs Amid Kingdom's Tourism Push
Cherry Rent-A-Car is working with EFG Hermes and BSF Capital on a potential initial public offering, according to people familiar with matter, who declined to be named as the information is confidential. Key Car Rental Co. is also working on a possible listing, some of the people said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
6 minutes ago
- Bloomberg
Baker Hughes Says 230 Drilling Rigs Are Working in Saudi Arabia
There are more than 230 drilling rigs across Saudi Arabia, Baker Hughes said. 'Baker Hughes has established that as of today, more than 230 rigs are working across operations in Saudi Arabia,' the Houston-based company said in a statement on its website Sunday. 'The operations related to drilling rigs, including production testing, non-rotational rigs, completions or workovers rigs, rigs under mobilization, have not historically been reflected in worldwide rig counts,' Baker Hughes added.
Yahoo
40 minutes ago
- Yahoo
Ronaldo's Al-Nassr prepare €470m onslaught for untouchable Man Utd star
Following a well-illustrated attempt from their rivals Al-Hilal, Al-Nassr will be looking to test the resolve of Manchester United captain Bruno Fernandes yet again. The 30-year-old has been serving MUFC's cause since making the move from Sporting CP in January 2020. He was appointed club captain in 2023, and even though his leadership credentials have been a topic of debate, few would argue against his importance to the club. Last season, the Portuguese star contributed with 19 goals and 19 assists. Hence, Man Utd fans wouldn't dare imagine where the club would have finished in the Premier League standings without him and his invaluable exploits. Fernandes already rejected a bid from Al-Hilal Fernandes' summer began with an interesting transfer saga, as Al-Hilal were determined to sign him before the FIFA Club World Cup. The Saudi Pro League giants even offered United a transfer fee of £100 million, and were willing to pay the midfielder £200 million in wages spread over three years. However, these astronomical figures weren't enough to tempt the playmaker, who opted to stay at Man United, much to the fanbase's delight. (Photo by) But according to A Bola, a somewhat similar saga is taking shape, this time prompted by Al-Nassr, who want to reunite Bruno with his former Man Utd teammate Cristiano Ronaldo, as well as his other compatriots Otavia and Joao Felix who was the latest addition to the squad. As the famous Portuguese newspaper explains, this move is sponsored by the club's new head coach Jorge Jesus, who is desperate to rekindle his partnership with his old Sporting pupil. The source claims that the Riyadh-based giants have offered the Man Utd skipper a five-year contract with a salary of €70 million per year. Al-Nassr offer Man Utd & Bruno Fernandes enticing figures While the Red Devils would be loath to sell their top star, who is considered untouchable in Ruben Amorim's plans, especially at this delicate moment of the summer. However, Al-Nassr are hoping to sway them with a bid worth €120 million, explains the source. Nevertheless, even if this reported interest turns out to be true, it's difficult to imagine Fernandes opening up to this move just two months after rejecting the opportunity to play for another Saudi Pro League giant. Bruno appears keen to lead United's charge towards redemption and is seemingly excited about linking up with new teammates, particularly Matheus Cunha and Bryan Mbuemo, who should ease some of the creative burden off the captain's shoulders.
New York Times
an hour ago
- New York Times
Driver Dies After Hitting a Moose Near Denali National Park in Alaska
A car crashed into a moose early on Friday morning near the entrance to Denali National Park and Preserve in Alaska, killing the driver and injuring a passenger, park officials said. The crash happened south of the entrance to the Denali Park Road near Mile 235 of George Parks Highway, the park said in a statement. The driver, a 24-year-old male from Bulgaria whose name was not released, was pronounced dead at the scene, officials said. A female passenger, also 24, from North Macedonia, was injured. She was taken to a hospital in Fairbanks, Alaska, about 125 miles away. The National Park Service said it was investigating the crash and that it was working with the Bulgarian embassy in Washington to notify the driver's family. The crash happened about two miles from the only road entrance to Denali, at Mile 237 of the Parks Highway. In Alaska, rural destinations are often identified by a mile marker rather than an address. Officials did not say what happened to the moose. 'The collision serves as a sobering reminder of the hazards of wildlife along Alaska's roadways,' the park said in a statement. The park noted that moose, caribou and other large animals, which are often active at dawn, dusk and night, can be difficult to see because they are so tall that they don't readily appear in headlights. Drivers should slow down in dark conditions and use high-beam headlights, officials said. Exceeding the speed limit increases damage and injury in a crash. Experts also recommend scanning roads and shoulders for movement or eye glow — the reflective shine that the eyes of many animals can have at night — and not to honk at wildlife in or near the road. Moose prefer forested and shrubby habitats, and are most likely to be seen on the first 15 miles of the Parks Highway, according to Denali's website. Moose can weigh about 800 to 1,300 pounds, and they can reach 6 feet 6 inches tall at the shoulder. In a crash with a car, a moose's long legs would likely crumple, and the animal would land on the vehicle's windshield and roof. Crashes with moose can be far more serious and more likely to result in deaths than crashes with deer because of the height and weight of moose, according to a study published in 2019 in the Journal of the American College of Surgeons. 'Deer collisions are indeed much more common, but after controlling for other factors, our statistical model demonstrated that a human fatality was more than 13 times as likely after collision with a moose,' wrote the study's lead author, Dr. David Clark, of the Maine Medical Center's outcomes research and evaluation center. Striking a moose directly often causes major injuries to the head, neck and face of those in the car, his research found.
